Great Time to Fix Mistakes

I have a trading system that I retired right about the time the downturn started.  It was in the final phases of live testing, but I decided that I didn't like the actual results enough to continue committing capital. It also had a lot to do with the fact that another trading system I was testing was showing better results. It operated against individual Dow components, so before too long, I found myself holding 1/3 of the Dow.  Then whoosh, the bottom fell out.  The trading plan didn't have a stop loss, only a bar time out.  So I decided to "outsmart" the trading system and hold on to these guys because I was certain the market would bounce back.  Well, it has bounced back (although I didn't expect to be sitting on these positions for over a year).  Like most, I'm a little nervous about being excessively overweight in equities, so this has provided me with a great opportunity to unload some of these speculative equity positions from market cycles past.

So two things are accomplished here, one, I get to fix mistakes from the past and second, I get to lower my equity exposure.  Another win/win.